#United States #New York #Class Action #Levi & Korsinsky #Ready Capital

Class Action Lawsuit Against Ready Capital Corporation

In recent developments, Ready Capital Corporation's investors are being urged to join a class action lawsuit led by Levi & Korsinsky, LLP. This legal action focuses on allegations surrounding securities fraud that may have adversely impacted shareholders between November 7, 2024, and March 2, 2025.

Understanding the Lawsuit

The class action seeks to recover losses for investors who may have been misled by false statements from company executives or by the omission of critical information regarding the financial health of Ready Capital. Specifically, the lawsuit alleges that the company failed to disclose significant issues related to non-performing loans in its commercial real estate (CRE) portfolio. This oversight has implications for the overall valuation of the company’s net worth and financial results.

Key allegations include the failure to properly reserve problematic loans, misleading assessments of the company’s health, and a lack of transparency that ultimately affected investors' decisions. The firm is gathering affected shareholders to ensure they have the opportunity to join this legal battle, which could lead to compensation for their losses.

What Should Investors Do?

Investors who believe they have suffered financial losses due to their investment in Ready Capital during the stated period are encouraged to take action before the initial deadline of May 5, 2025. Interested parties can reach out to Levi & Korsinsky for more information and potentially to be appointed as lead plaintiff in the case. However, it is important to note that participating in the class action does not necessitate being a lead plaintiff to benefit from any recovery.

The lawsuit offers an opportunity for affected shareholders to gain restitution without bearing any immediate costs. Levi & Korsinsky ensures that there are no out-of-pocket expenses incurred by class members, allowing investors to reclaim losses without financial burden.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has established a notable tracking record in representing investors in complex securities litigation. With over 20 years of experience, the firm has successfully recovered hundreds of millions of dollars for shareholders and consistently ranks among the top securities litigation firms in the United States as per ISS Securities Class Action Services. Their dedicated team of over 70 professionals specializes in navigating the complexities of securities laws and representing aggrieved investors.

Contact Information

For more details or to see if you qualify for the class action, investors can contact Levi & Korsinsky directly:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004

If you believe you are an affected investor, do not delay in reaching out and understanding your rights. Your participation could be instrumental in holding Ready Capital accountable for the alleged misleading information provided to its investors.

In summary, shareholders of Ready Capital Corporation have a critical opportunity to join a class action lawsuit that addresses potential securities fraud, aiming not just for accountability, but also for the recovery of lost investments. Time is of the essence, and affected investors are encouraged to act quickly to ensure their voices are heard in this significant legal matter.